TransDigm Group Inc. (TDG) said that it agreed to acquire Cobham Aero Connectivity for about $965 million in cash, including tax benefits.
Cobham Aero Connectivity, which is headquartered in Marlow, UK, is a provider of highly engineered antennas and radios for the aerospace end market. It is expected to generate about $225 million in revenue in 2020. The company operates from two primary facilities in Marlow, UK and Prescott, Arizona. It employs about 760 people.
The acquisition is expected to close during the first calendar quarter of 2021, and to be financed through existing cash on hand.
In an update on potential divestitures of former Esterline operating units, TransDigm said it is now working with outside advisors to assist in the process of identifying and approaching potential buyers. At this time, the timeline for any announced divestitures remains uncertain.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.